Arqit Quantum Inc. (NASDAQ:ARQQ) Sees Significant Increase in Short Interest

Arqit Quantum Inc. (NASDAQ:ARQQ) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 222,300 shares, a growth of 47.7% from the October 31st total of 150,500 shares. Currently, 5.5% of the company’s stock are short sold. Based on an average trading volume of 233,300 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Arqit Quantum stock. Cowen AND Company LLC purchased a new stake in shares of Arqit Quantum Inc. (NASDAQ:ARQQ) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $34,000. Cowen AND Company LLC owned approximately 0.06% of Arqit Quantum at the end of the most recent reporting period. 16.60% of the stock is currently owned by institutional investors and hedge funds.

Arqit Quantum Trading Up 11.6 %

Shares of NASDAQ:ARQQ traded up $2.08 during midday trading on Friday, reaching $19.98. 453,274 shares of the company’s stock traded hands, compared to its average volume of 105,020. Arqit Quantum has a one year low of $3.72 and a one year high of $23.00. The stock has a 50 day moving average of $7.27 and a 200 day moving average of $8.20.

Arqit Quantum Company Profile

Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.